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Special Statement on Non-Operating Fund Occupation and Other Related Party Transactions
Ernst & Young Hua Ming (2026) Special Letter No. 70007912_H01 ZTE Corporation
To the Board of Directors of ZTE Corporation:
We have audited the 2025 financial statements of ZTE Corporation, including the consolidated and company balance sheets as of December 31, 2025, the consolidated and company income statements, statements of changes in owners' equity, and statements of cash flows for the year ended December 31, 2025, and the related financial statement notes. We issued an unqualified audit report with No. Ernst & Young Hua Ming (2026) Audit No. 70007912_H01 on March 6, 2026.
In accordance with the "Supervisory Requirements for Listed Companies – Requirements for Supervision of Fund Transactions and External Guarantees" (Supervisory Guidance No. 8), ZTE Corporation has prepared the attached summary table of non-operating fund occupation and other related party transactions for 2025 (hereinafter referred to as the "Summary Table").
It is the responsibility of ZTE Corporation to prepare and disclose the Summary Table truthfully, ensuring its authenticity, legality, and completeness. We have cross-checked the information in the Summary Table with the accounting information and audited financial statements that we reviewed during our audit of ZTE Corporation's 2025 financial statements. We did not find any material inconsistencies. Apart from the audit procedures performed for the audit report on ZTE Corporation's 2025 financial statements, we have not performed any additional audit procedures on the information contained in the Summary Table.
To better understand ZTE Corporation's non-operating fund occupation and other related party transactions for 2025, the Summary Table should be read in conjunction with the audited financial statements.
This special statement is for disclosure in ZTE Corporation's 2025 annual report and is not for any other purpose.
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EY安永 Special Statement on Non-Operating Fund Occupation and Other Related Party Transactions (Continued) Ernst & Young Hua Ming (2026) Special Letter No. 70007912_H01 ZTE Corporation
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Ernst & Young Hua Ming LLP [Seal of Ernst & Young Hua Ming LLP] China Certified Public Accountant: Liao Wenjia [Seal of Liao Wenjia] China Certified Public Accountant: He Sufan [Seal of He Sufan] Beijing, China March 6, 2026
Appendix: Summary Table of ZTE Corporation's 2025 Non-Operating Fund Occupation and Other Related Party Transactions
Unit: RMB 10,000 As of: December 31, 2025